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| | 26 indicted on mortgage scheme
CNN Money - NEW YORK (CNN) -- The federal government announced Tuesday a bust in a multi-million dollar subprime mortgage lending scheme and indicted more than two dozen alleged co-conspirators. Michael J. Garcia, U.S. Attorney for the Southern District of New ...
UK subprime mortgage market set to grow
MSN UK News - LONDON (Reuters) - Britain's subprime mortgage market is set to grow as an increasing number of borrowers struggle with making payments in the mainstream credit market, a report said on Wednesday. Gross advances in subprime lending -- sums lent to ...
Subprime Mortgage Fallout
Reuters - The Mortgage Bankers Association expects home sales to decline this year as lenders make it more difficult to get mortgages approved. Mortgage originators have tightened underwriting standards in response to mounting defaults and foreclosures on ...
Moody's Downgrades Residential Mortgage-Backed Securities
CNBC - Moody's Investors Service has cut its ratings for 399 residential mortgage-backed securities (RMBS), citing higher-than-expected delinquencies in the underlying loans, the same day that Standard and Poor's said it may start cutting ratings on $12.1 ...
UK sub-prime mortgage market grew 28 pct to 24.6 bln stg in 2006 ...
Forbes - LONDON (Thomson Financial) - The UK sub-prime mortgage market grew by 28 pct in gross advances to 24.6 bln stg in 2006, according to research by Datamonitor. According to Datamonitor, the sub-prime market -- where banks lend to less creditworthy ...
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